Singapore-grown expertise anchors ComfortDelGro as it ramps up overseas operations
TRANSPORT giant ComfortDelGro : C52 0% (CDG) is plotting a course for growth by increasing its footprint overseas and venturing into adjacent businesses, but it is a strategy that will continue to be anchored by its operations in Singapore.
Over the past 12 months, CDG has made notable moves abroad.
In 2023, it announced the proposed acquisition of Australian taxi operator A2B for A$165.1 million (S$145.7 million). In February this year, it acquired CMAC Group, a UK-based ground-transport management and accommodation network specialist, for £80.2 million (S$135.4 million). (*see amendment note)
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
ESR attempts to halt Sabana Reit’s May 24 EGM
Japanese bond yields climb to decade highs on BOJ policy bets
China megabanks kick off 60 billion yuan loss-absorbing bond sales
Capital A’s Teleport targets rapid growth after airline spinoff
Uber to buy Delivery Hero’s Taiwan business for US$950 million
Cordlife shareholders vote to remove three directors including acting chair Ho Choon Hou from board